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Kablooie

This is a syndicated repost published with the permission of Slope of Hope – Technical Tools for Traders. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

After thirteen years of ceaseless abuse by the Powers That Be, I am persistently skeptical about ANY good news. It freaks me out, because I imagine is disaster around the corner. Even though I was SPOT ON last week and SPOT ON for Monday, I figured my good fortune surely must have already ended. Even so, I went 100% hyper-bearish again on Monday, ending the day with absolutely not a penny of buying power left. So imagine my surprise just now:

………..and………..

Everyone’s asleep, and my attempt to find out what was going on with a Twitter search of “ES FUTURES” didn’t yield much except for mostly Spanish tweets unrelated to anything of interest to me, since “ES” is a very common verb in Spanish. I think, however, that this plunge has to do with Japan shutting ALL inbound travel from new Covid fears.

Anyway, the reason doesn’t matter to me. I couldn’t care less. It could be severe erectile dysfunction with Jerome Powell, as far as I’m concerned. As long as financial assets plunge into terrifying oblivion, I’m a happy camper. I hope that putz Powell doesn’t muck it up for me. Again.

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